Phillips Edison & Company, Inc. (NASDAQ:PECO) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC boosted its position in Phillips Edison & Company, Inc. (NASDAQ:PECO) by 132.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 43,782 shares of the company’s stock after purchasing an additional 24,963 shares during the quarter. Natixis Advisors LLC’s holdings in Phillips Edison & Company, Inc. were worth $1,651,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PECO. Dimensional Fund Advisors LP raised its holdings in shares of Phillips Edison & Company, Inc. by 16.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,250,731 shares of the company’s stock valued at $40,911,000 after buying an additional 179,775 shares during the last quarter. Cetera Investment Advisers raised its stake in Phillips Edison & Company, Inc. by 240.9% during the 1st quarter. Cetera Investment Advisers now owns 1,170,077 shares of the company’s stock valued at $41,971,000 after acquiring an additional 826,891 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Phillips Edison & Company, Inc. by 2.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,106,277 shares of the company’s stock worth $36,186,000 after acquiring an additional 27,611 shares during the period. Duff & Phelps Investment Management Co. bought a new position in shares of Phillips Edison & Company, Inc. in the second quarter worth $32,120,000. Finally, Cetera Advisors LLC increased its holdings in shares of Phillips Edison & Company, Inc. by 60.4% during the first quarter. Cetera Advisors LLC now owns 791,147 shares of the company’s stock valued at $28,378,000 after purchasing an additional 297,945 shares during the period. 80.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on PECO shares. Compass Point upped their price objective on shares of Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. Wells Fargo & Company raised shares of Phillips Edison & Company, Inc. from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $34.00 to $37.00 in a research note on Wednesday, August 28th. Wolfe Research upgraded shares of Phillips Edison & Company, Inc. from a “peer perform” rating to an “outperform” rating and set a $44.00 price objective on the stock in a research note on Wednesday, November 13th. Finally, Mizuho upped their target price on Phillips Edison & Company, Inc. from $33.00 to $36.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $38.43.

Phillips Edison & Company, Inc. Trading Up 0.0 %

NASDAQ:PECO opened at $39.34 on Tuesday. The company has a 50-day moving average of $37.80 and a 200-day moving average of $35.31. The firm has a market cap of $4.82 billion, a price-to-earnings ratio of 85.52, a price-to-earnings-growth ratio of 3.61 and a beta of 0.57. Phillips Edison & Company, Inc. has a twelve month low of $30.62 and a twelve month high of $39.98.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its earnings results on Thursday, October 24th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.52). The business had revenue of $165.50 million for the quarter, compared to the consensus estimate of $157.20 million. Phillips Edison & Company, Inc. had a return on equity of 2.22% and a net margin of 9.03%. The company’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.58 earnings per share. On average, research analysts forecast that Phillips Edison & Company, Inc. will post 2.42 earnings per share for the current year.

Phillips Edison & Company, Inc. Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be issued a $0.1025 dividend. This represents a $1.23 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend is Tuesday, February 18th. Phillips Edison & Company, Inc.’s payout ratio is 267.39%.

Phillips Edison & Company, Inc. Profile

Phillips Edison & Company, Inc (PECO) is one of the nation's largest owners and operators of omni-channel grocery-anchored shopping centers. Founded in 1991, PECO has generated strong results through its vertically-integrated operating platform and national footprint of well-occupied shopping centers.